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Topic: Data proves Bitcoins are dropping to 0 (Read 8937 times)

imperi (OP)

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Data proves Bitcoins are dropping to 0

June 17, 2011, 03:39:40 PM

This is proven with a mathematical linear regression, which is used by market experts to forecast future values. This regression clearly shows a trend towards 0, and could possibly even hit negative value. Sell everything.

BitterTea

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:40:29 PM

You had me until "negative value". Well played.

DeiBellum

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:43:09 PM

OH NOES!!!!!

NEGATIVE VALUE!

but I just bought 500,000 BTC @ 31.9 $/btc

Tongue

TheGer

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:43:24 PM

I looked at a graph on the price of Gold today. I predict Gold will go to $1Trillion an ounce based on that graph.

TheGer

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:44:01 PM

You'll go bankrupt in no time!!!

Quote from: DeiBellum on June 17, 2011, 03:43:09 PM

OH NOES!!!!!

NEGATIVE VALUE!

but I just bought 500,000 BTC @ 31.9 $/btc

Tongue

stick_theman

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:44:10 PM

Thank God it's Friday!

oneforall

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:45:59 PM

Quote from: imperi on June 17, 2011, 03:39:40 PM

I don't get it, why did you take your time to make this post? where you thinking 'people really need to see this important information i discovered.' or were you thinking 'I know I'll pretend like I'm an idiot just to be silly and make people laugh.' or were you thinking 'i hate this bitcoin crap and just want it to die so I will try to scare people out of it.' or was it something else that i did not think of?

Oldminer

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:48:05 PM

Words!

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX

unbuttered_toast

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:48:28 PM

Ok, seriously (because all text on the Internet is literal), that bright blue line on top of a chart for no reason made me laugh. I've donated one BTC to the address in your sig, which should net me dollars when it goes negative, because the world needs more levity.

myrkul

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FIAT LIBERTAS RVAT CAELVM

Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:49:26 PM

#10

Quote from: TheGer on June 17, 2011, 03:43:24 PM

I looked at a graph on the price of Gold today. I predict Gold will go to $1Trillion an ounce based on that graph.

Not unless we enter Wiemar Germany/Zimbabwe style inflation, But not impossible.

Quote from: oneforall on June 17, 2011, 03:45:59 PM

I don't get it, why did you take your time to make this post?

Opposite of a pump and dump: a spook and scoop.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
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kokojie

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:53:32 PM

#11

lol nice observation, so what happens at negative value? When I buy BTC, the seller has to give me the BTC for free + some cashback?

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6

dayfall

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:54:54 PM

#12

Well, according to the folks on Slashdot, a bitcoin is already worth a negative value.

PGPpfKkx

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:55:02 PM

#13

Quote from: unbuttered_toast on June 17, 2011, 03:48:28 PM

hahahahahahahahahah sending a btc to gain value fro it with negative rate! +10!!!

imperi (OP)

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 03:55:26 PM

#14

Quote from: oneforall on June 17, 2011, 03:45:59 PM

Quote from: imperi on June 17, 2011, 03:39:40 PM

I don't get it, why did you take your time to make this post? where you thinking 'people really need to see this important information i discovered.'

This. Based on my data analysis, Bitcoins are projected to hit 0 and even lower values within a few days. Mining Bitcoins will make you lose more money than just electricity once it hits negative values. GPUs aren't meant to calculate hashes in reverse, so it could cause catastrophic short-circuits and possibly explosions in the homes of people who have dozens of mining setups.

chiropteran

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 04:01:49 PM

#15

IMO, now is the time to invest in NVDA. With BTC reaching negative values, NVDA cards will be better for mining than AMD.

http://writeangry.blogspot.com/

EpicFail

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 04:01:55 PM

#16

Quote from: imperi on June 17, 2011, 03:39:40 PM

could possibly even hit negative value.

Please! Please! Take my my coins now! I will pay you 10% more to take my coins than what the other guy is offering!!

Vanquistador

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Re: Data proves Bitcoins are dropping to 0

June 17, 2011, 04:44:29 PM

#17

Quote from: imperi on June 17, 2011, 03:55:26 PM

Quote from: oneforall on June 17, 2011, 03:45:59 PM

Quote from: imperi on June 17, 2011, 03:39:40 PM

I don't get it, why did you take your time to make this post? where you thinking 'people really need to see this important information i discovered.'

CATASTROPHIC SHORT CIRCUITS that may cause POSSIBLE EXPLOSIONS IN MY HOME due to my miners?!?

Noooooooooooooooooooooooooo!!!!

I'll pay you $5 to take all of my bitcoins! Please!